Report expects the 5G FWA market to grow by 17,000% by 2026

MarketsandMarkets report predicts monster growth for 5G FWA in the next six years

5G graphic

A new market research report released today by MarketsandMarkets, global market research and consulting firm, highlights the impact of the ongoing COVID-19 pandemic on the 5G fixed wireless access market through 2026.

According to the report, the global 5G fixed wireless access (FWA) market is expected to grow from $503 million in 2020 to $86.7 billion by 2026. The report also indicates a 135.9% compound annual growth rate (CAGR) from 2020 through 2026. 

“With the governments of different countries declaring a state of emergency owing to the spread of COVID 19, companies are increasingly adopting the work-from-home culture to keep their businesses operational and enable employees to follow social distancing guidelines. Trends such as work-from-home, social distancing, and online education drive the growth of the 5G fixed wireless access market”, MarketsandMarkets stated in its report.

North America, a leader in the worldwide 5G market, is estimated to account for the largest market share in 2020, in terms of value. 

Mimosa Networks, Inc. (US), Cellular South, Inc. (US), TELUS Corporation (Canada), AT&T Inc. (US), and Verizon Communications, Inc. (US) are a few key companies that are driving the 5G upswing in North America by playing an active role in the development of 5G FWA solutions.

Along these lines, MarketsandMarkets reveals that the services segment will account for most of the 5G FWA market. Increased spectrum efficiency and low cost per bit are expected to expand FWA use cases and support its evolution toward 5G services. For example, 5G B2B private lines service that offers greater end-to-end (E2E) assurance will generate high average revenue per user (ARPU).

The rising demand for smart devices in commercial applications, such as distance learning, autonomous driving, video conferencing and live streaming, as well as in residential applications, such as telemedicine and augmented reality, will continue to promote the need for extended network coverage. 

The full report on the 5G market share based on offering (hardware, services), operating frequency (sub–6 GHz, 24 GHz–39 GHz, above 39 GHz ), demography (urban, semi-urban, rural), application and region is available on the MarketsandMarkets’s website.

Featured Resources

Managing security risk and compliance in a challenging landscape

How key technology partners grow with your organisation

Download now

Evaluate your order-to-cash process

15 recommended metrics to benchmark your O2C operations

Download now

AI 360: Hold, fold, or double down?

How AI can benefit your business

Download now

Getting started with Azure Red Hat OpenShift

A developer’s guide to improving application building and deployment capabilities

Download now

Recommended

Verizon and Unity partner on 5G and mobile edge computing
5G

Verizon and Unity partner on 5G and mobile edge computing

19 Jan 2021
How to share a Wi-Fi connection securely
wifi & hotspots

How to share a Wi-Fi connection securely

5 Jan 2021
SpaceX wins $885.5m to connect rural America
broadband

SpaceX wins $885.5m to connect rural America

8 Dec 2020
Verizon and AWS bring 5G apps to eight US cities
Amazon Web Services (AWS)

Verizon and AWS bring 5G apps to eight US cities

2 Dec 2020

Most Popular

How to move Windows 10 from your old hard drive to SSD
operating systems

How to move Windows 10 from your old hard drive to SSD

21 Jan 2021
What is the Raspberry Pi Pico?
Hardware

What is the Raspberry Pi Pico?

21 Jan 2021
How to recover deleted emails in Gmail
email delivery

How to recover deleted emails in Gmail

6 Jan 2021